Crystallex International CorporationCrystallex International CorporationCrystallex International CorporationCrystallex International Corporation

PDACPDACPDACPDACMarch 1-4, 2009

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This slide presentation contains forward-looking statements within the meaning of the United States Private

Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including: statements relating to the estimated reserves and resources at Las Cristinas;

anticipated results of drilling programs, feasibility studies or other analyses; the potential to increase reserves and expand production, at Las Cristinas; Crystallex's projected

construction and production schedule, and cost and production estimates, for Las Cristinas; and management's statements regarding its expectations regarding mining in

Venezuela. Forward-looking statements are based on estimates and assumptions made by Crystallex in light of its experience and perception of historical trends, current

conditions and expected future developments, as well as other factors that Crystallex believes are appropriate in the circumstances. Many factors could cause Crystallex's actual

results, performance or achievements to differ materially from those expressed or implied by the forward looking statements, including: gold price volatility; impact of any hedging

activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves, and between actual and

estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment;

speculative nature of gold exploration; dilution; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property. These

factors and others that could affect Crystallex's forward-looking statements are discussed in greater detail in the section entitled "Risk Factors" in Crystallex’s Annual Information

Form (which is included in the Annual Report on Form 40-F that Crystallex files with the United States Securities and Exchange Commission (the "SEC") and elsewhere in

Disclosure StatementDisclosure StatementDisclosure StatementDisclosure Statement

Form (which is included in the Annual Report on Form 40-F that Crystallex files with the United States Securities and Exchange Commission (the "SEC") and elsewhere in

documents filed from time to time with the Canadian provincial securities regulators, the SEC and other regulatory authorities. These factors should be considered carefully, and

persons reviewing this press release should not place undue reliance on forward-looking statements. Crystallex has no intention and undertakes no obligation to update or revise

any forward-looking statements in this press release, except as required by law.

NOTE TO U.S. SHAREHOLDERS: The terms "Proven Reserve" and "Probable Reserve" used in this slide presentation are Canadian mining terms as defined in accordance with

National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM")

Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council on August 20, 2000 as may be amended from time to time by the CIM. These definitions differ

from the definitions in the SEC's Industry Guide 7. The terms, "Measured Resource", "Indicated Resource" and "Inferred Resource" used in this press release are Canadian mining

terms as defined in accordance with National Instruction 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the CIM Standards. While the terms

"Measured Resource", "Indicated Resource", and "Inferred Resource" are recognized and required by Canadian regulations, they are not defined terms under Industry Guide 7 and

normally are not permitted to be used in reports and registration statements filed with the SEC. As such, information contained in this report concerning descriptions

of mineralization and resources under Canadian standards may not be comparable to similar information made public by U.S. companies in SEC filings. With respect to "Indicated

Resource" and "Inferred Resource" there is a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It can not be

assumed that all or any part of an "Indicated Resource" or "Inferred Resource" will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or

all of mineral deposits in these categories will ever be converted into reserves. For a detailed discussion of resource and reserve estimates and related matters see the Company's

technical reports, the Annual Information Form and other reports filed by the Crystallex on www.sedar.com and www.sec.gov. A qualified person has verified the data contained in

this presentation.

Las Cristinas milestonesLas Cristinas milestonesLas Cristinas milestonesLas Cristinas milestones

� September 2002 - Crystallex Signs Las Cristinas Mining Operating Contract (“MOC”)

� March 2004 - CVG Approves Las Cristinas Feasibility Study

� April 2004 - Submitted Las Cristinas Environmental Impact Study (“EIS”)

� March 2006 - Ministry of Mines (“MIBAM”) approval of Feasibility Study

� June 2007 - Ministry of Environment and Natural Resources (“MinAmb”) approval of the EIS

- Crystallex posts Bond and pays Taxes to MinAmb, receives confirmation that all permit requirements have been fulfilled

� April 2008 - MinAmb Director General denies issuance of Las Cristinas permit

� June 2008 - MinAmb instructed by Government to begin discussions with Crystallex regarding permitting

� August 2008 - Crystallex submits report to MinAmb regarding modifications

Las Cristinas environmental Las Cristinas environmental Las Cristinas environmental Las Cristinas environmental permittingpermittingpermittingpermitting

� August 2008 - Crystallex submits report to MinAmb regarding modifications for permitting consideration

- MinAmb officials visit Las Cristinas project, local communities and Las Cristinas social programs

- Crystallex receives formal letter from Vice-Minister of MinAmb confirming that modifications conform to all Government environmental and social guidelines

Modifications accepted by MinAmb (Aug ’08):Modifications accepted by MinAmb (Aug ’08):Modifications accepted by MinAmb (Aug ’08):Modifications accepted by MinAmb (Aug ’08):

� Open pit mining represents the only viable mining method

� Additional reforestation programs

� Phased development and reclamation of the tailings management facility

� Concurrent clean-up of areas impacted by illegal mining activities

� Design transportation system for local communities

� Assist in formation of local water company

� Design plan for promotion of tourism in area

Recent media sound bitesRecent media sound bitesRecent media sound bitesRecent media sound bites

� November 5, 2008 - “Venezuela said…the government will take over the giant Las Cristinas gold project” (Reuters News)

� November 6, 2008 - “Venezuela said it will offer a joint venture to Russian-owned miner Rusoro to operate the Las Cristinas and Brisas gold projects…Mining minister Rodolfo Sanz” (Reuters News)

� November 6, 2008 - “Venezuelan Mining Minister Rodolfo Sanz denied that the government was planning to offer the Las Cristinas gold mine, one of the largest in Latin America, to Rusoro after taking back the mine from Crystallex” (Dow Jones)

� November 20, 2008 - Venezuelan former Minister of Environment and current Ambassador to France said, “it is NOT Venezuelan government policy to renege on contracts…it is inconceivable that Venezuela will simply renege on a properly signed contract (specifically Crystallex/Las Cristinas)” (VHeadline News)

Las Cristinas: Las Cristinas: Las Cristinas: Las Cristinas: Reserves and Resources (CIM standards)Reserves and Resources (CIM standards)Reserves and Resources (CIM standards)Reserves and Resources (CIM standards)

TonnesTonnesTonnesTonnes(millions)(millions)(millions)(millions)

Grams perGrams perGrams perGrams pertonnetonnetonnetonne

OuncesOuncesOuncesOunces(millions)(millions)(millions)(millions)

Reserves: $550 /ozReserves: $550 /ozReserves: $550 /ozReserves: $550 /oz

464464464464 1.131.131.131.13 16.916.916.916.9Proven & ProbableProven & ProbableProven & ProbableProven & Probable

Resources*Resources*Resources*Resources*

Measured & Indicated *Measured & Indicated *Measured & Indicated *Measured & Indicated * 629629629629 1.031.031.031.03 20.820.820.820.8Measured & Indicated *Measured & Indicated *Measured & Indicated *Measured & Indicated * 629629629629 1.031.031.031.03 20.820.820.820.8

InferredInferredInferredInferred 230230230230 0.850.850.850.85 6.36.36.36.3

� Gold Price: US$550/oz, cut-off 0.4 g/t and higher

� Low Strip Ratio of 1.38:1

� 500m maximum depth

� Expected average metallurgical recovery of 89%

� Open at depth

� Further potential to increase reserves through exploration

* Includes Reserves

Reserves and Resources calculated by Mine Development and Associates in accordance with Canadian NI 43-101

Las Cristinas Gold Price SensitivityLas Cristinas Gold Price SensitivityLas Cristinas Gold Price SensitivityLas Cristinas Gold Price SensitivityLerchsLerchsLerchsLerchs----Grossman pit shell sensitivityGrossman pit shell sensitivityGrossman pit shell sensitivityGrossman pit shell sensitivity

19.91

18.83

17.56

15.98

14.16450

500

550

600

650

700

Go

ld P

ric

e (

US

$/o

z)

Reserves and Resources calculated by Mine Development and Associates in accordance with Canadian NI 43-101

14.16

200

250

300

350

400

450

12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00

Proven & Probable Reserves (Moz)

Go

ld P

ric

e (

US

$/o

z)

Venezuela: Infrastructure and BenefitsVenezuela: Infrastructure and BenefitsVenezuela: Infrastructure and BenefitsVenezuela: Infrastructure and BenefitsBolivar State, Venezuela

Good Access Good Access Good Access Good Access & & & &

- Deep water port at Deep water port at Deep water port at Deep water port at Puerto Ordaz, 360km Puerto Ordaz, 360km Puerto Ordaz, 360km Puerto Ordaz, 360km from sitefrom sitefrom sitefrom site

- Site is 6km from paved Site is 6km from paved Site is 6km from paved Site is 6km from paved international highwayinternational highwayinternational highwayinternational highway

- Paved airstrip at sitePaved airstrip at sitePaved airstrip at sitePaved airstrip at site

HydroHydroHydroHydro----electric Power:electric Power:electric Power:electric Power:

- Substation 6 km from Substation 6 km from Substation 6 km from Substation 6 km from & & & & InfrastructureInfrastructureInfrastructureInfrastructure

- Substation 6 km from Substation 6 km from Substation 6 km from Substation 6 km from sitesitesitesite

- Cost approximately Cost approximately Cost approximately Cost approximately 3c USD per kwh3c USD per kwh3c USD per kwh3c USD per kwh

Fuel cost approximately Fuel cost approximately Fuel cost approximately Fuel cost approximately 20 cents USD per gallon 20 cents USD per gallon 20 cents USD per gallon 20 cents USD per gallon (5 cents USD per litre)(5 cents USD per litre)(5 cents USD per litre)(5 cents USD per litre)

Conventional operationsConventional operationsConventional operationsConventional operations

Simple Simple Simple Simple technology technology technology technology

Conventional mining Conventional mining Conventional mining Conventional mining fleetfleetfleetfleet

---- 18 m18 m18 m18 m3333 shovelsshovelsshovelsshovels---- 90 tonne trucks 90 tonne trucks 90 tonne trucks 90 tonne trucks

Conventional Conventional Conventional Conventional Metallurgical Process Metallurgical Process Metallurgical Process Metallurgical Process

---- SAG & ball millsSAG & ball millsSAG & ball millsSAG & ball mills---- CarbonCarbonCarbonCarbon----inininin----leachleachleachleachMetallurgical Process Metallurgical Process Metallurgical Process Metallurgical Process

(89% gold recovery)(89% gold recovery)(89% gold recovery)(89% gold recovery)---- CarbonCarbonCarbonCarbon----inininin----leachleachleachleach---- Gravity circuit, dorGravity circuit, dorGravity circuit, dorGravity circuit, doréééé

EnvironmentalEnvironmentalEnvironmentalEnvironmentalDesigned to exceed Designed to exceed Designed to exceed Designed to exceed Venezuelan & World Venezuelan & World Venezuelan & World Venezuelan & World

Bank StandardsBank StandardsBank StandardsBank Standards

---- Clean effluent dischargeClean effluent dischargeClean effluent dischargeClean effluent discharge---- Cyanide destruct systemCyanide destruct systemCyanide destruct systemCyanide destruct system---- Acid mine drainage risk is lowAcid mine drainage risk is lowAcid mine drainage risk is lowAcid mine drainage risk is low

Las CristinasLas CristinasLas CristinasLas CristinasEngineering & Procurement Progress

� Engineering essentially complete

� All Long Lead Items fabricated and received

� Expenditures to date of approx US$100 million under the EPCM contract

Ready for Construction Phase …Ready for Construction Phase …Ready for Construction Phase …Ready for Construction Phase …

million under the EPCM contract

� 19km access road upgraded and in use

� Construction camp refurbished

� Airstrip extended to 1,000m and paved

� 40,000 TPD Expansion Study completed in 2005 - would double production

Las CristinasLas CristinasLas CristinasLas CristinasLas Cristinas Mining Fleet near ports

O&K Shovels O&K Shovels O&K Shovels O&K Shovels ---- AntwerpAntwerpAntwerpAntwerpCAT Equipment CAT Equipment CAT Equipment CAT Equipment ---- HoustonHoustonHoustonHouston

Blasthole Drills Blasthole Drills Blasthole Drills Blasthole Drills ---- CanadaCanadaCanadaCanada

CAT Equipment CAT Equipment CAT Equipment CAT Equipment ---- HoustonHoustonHoustonHouston

Las Cristinas Process PlantLas Cristinas Process PlantLas Cristinas Process PlantLas Cristinas Process PlantMills and Mill Equipment completed and stored around the world

AustraliaAustraliaAustraliaAustralia

ChileChileChileChile

ChinaChinaChinaChinaSouth AfricaSouth AfricaSouth AfricaSouth Africa

PeruPeruPeruPeru

Corporate & Social ResponsibilityCorporate & Social ResponsibilityCorporate & Social ResponsibilityCorporate & Social Responsibility

Supporting local communities with long-term employment, training, education, economic development, local infrastructure and health care

� Constructed 30 new homes for local residents

� Installed 3 water treatment plants

� Established anti-malaria facility

� Installed sewer networks

� Paved local roads

� Upgraded local medical centre, providing staff, and

New Clinic New Clinic New Clinic New Clinic –––– April 2008April 2008April 2008April 2008

� Upgraded local medical centre, providing staff, and ongoing medical supplies for the centre

� Constructing new medical clinic and sewage treatment Constructing new medical clinic and sewage treatment Constructing new medical clinic and sewage treatment Constructing new medical clinic and sewage treatment plant plant plant plant –––– due to be completed early 2009due to be completed early 2009due to be completed early 2009due to be completed early 2009

� Funding local education scholarship and internship programs

� Providing ongoing job training programs to small miners’ associations

Sewage Treatment Plant Sewage Treatment Plant Sewage Treatment Plant Sewage Treatment Plant –––– April 2008April 2008April 2008April 2008

Environmental impact as a result of illegal Environmental impact as a result of illegal Environmental impact as a result of illegal Environmental impact as a result of illegal mining practices at Las Cristinasmining practices at Las Cristinasmining practices at Las Cristinasmining practices at Las Cristinas

Environmental impact as a result of illegal Environmental impact as a result of illegal Environmental impact as a result of illegal Environmental impact as a result of illegal mining practices at Las Cristinasmining practices at Las Cristinasmining practices at Las Cristinasmining practices at Las Cristinas

Las Cristinas mine reclamation and Las Cristinas mine reclamation and Las Cristinas mine reclamation and Las Cristinas mine reclamation and revegetation programsrevegetation programsrevegetation programsrevegetation programs

� Native plant nursery on site

� Test plots for reforestation underway

� Concurrent reclamation during operations� Concurrent reclamation during operations

Las Cristinas mine reclamationLas Cristinas mine reclamationLas Cristinas mine reclamationLas Cristinas mine reclamation

BeforeBeforeBeforeBefore

AfterAfterAfterAfter

BeforeBeforeBeforeBefore

Key Investment Considerations …Key Investment Considerations …Key Investment Considerations …Key Investment Considerations …

� Crystallex has been developing gold mining projects in Venezuela since the early 1990s (Albino, Tomi, La Victoria)

� Las Cristinas is one of the World’s largest undeveloped gold deposits

� Venezuela has excellent infrastructure (highways, ports, airstrips, accessibility to power, low energy costs)to power, low energy costs)

� Strong community support; local, regional and national government support

� Long history of gold mining in the region

� Large labor pool eager for work

� Project at advanced stage of development with considerable expansion potential

� Working to clear-up uncertainties

8 King Street East, Suite 12018 King Street East, Suite 12018 King Street East, Suite 12018 King Street East, Suite 1201Toronto, ON M5C 1B5Toronto, ON M5C 1B5Toronto, ON M5C 1B5Toronto, ON M5C 1B5

Tel: (416) 203Tel: (416) 203Tel: (416) 203Tel: (416) 203----2448244824482448Fax: (416) 203Fax: (416) 203Fax: (416) 203Fax: (416) 203----0099009900990099Email: info@crystallex.comEmail: info@crystallex.comEmail: info@crystallex.comEmail: info@crystallex.comWebsite: www.crystallex.comWebsite: www.crystallex.comWebsite: www.crystallex.comWebsite: www.crystallex.com

Robert Fung, Executive Chairman & CEORobert Fung, Executive Chairman & CEORobert Fung, Executive Chairman & CEORobert Fung, Executive Chairman & CEORobert Crombie, PresidentRobert Crombie, PresidentRobert Crombie, PresidentRobert Crombie, PresidentHemdat Sawh, CFOHemdat Sawh, CFOHemdat Sawh, CFOHemdat Sawh, CFOWilliam Faust, COO & Senior Vice PresidentWilliam Faust, COO & Senior Vice PresidentWilliam Faust, COO & Senior Vice PresidentWilliam Faust, COO & Senior Vice President

For public and media inquiries, or copies of the Company’sFor public and media inquiries, or copies of the Company’sFor public and media inquiries, or copies of the Company’sFor public and media inquiries, or copies of the Company’sannual report, quarterly reports or press releases, please contact:annual report, quarterly reports or press releases, please contact:annual report, quarterly reports or press releases, please contact:annual report, quarterly reports or press releases, please contact:Richard MarshallRichard MarshallRichard MarshallRichard MarshallVice President, Investor RelationsVice President, Investor RelationsVice President, Investor RelationsVice President, Investor RelationsTel: (800) 738Tel: (800) 738Tel: (800) 738Tel: (800) 738----1577157715771577

Crystallex shares trade under the symbol KRY on the Toronto and American Stock Exchanges.Crystallex shares trade under the symbol KRY on the Toronto and American Stock Exchanges.Crystallex shares trade under the symbol KRY on the Toronto and American Stock Exchanges.Crystallex shares trade under the symbol KRY on the Toronto and American Stock Exchanges.

The Company’s filings with the Ontario Securities Commission can be viewed on SEDAR at www.sedar.comThe Company’s filings with the Ontario Securities Commission can be viewed on SEDAR at www.sedar.comThe Company’s filings with the Ontario Securities Commission can be viewed on SEDAR at www.sedar.comThe Company’s filings with the Ontario Securities Commission can be viewed on SEDAR at www.sedar.com

The Company’s filings with the U.S. Securities and Exchange Commission can be viewed on EDGAR at www.sec.govThe Company’s filings with the U.S. Securities and Exchange Commission can be viewed on EDGAR at www.sec.govThe Company’s filings with the U.S. Securities and Exchange Commission can be viewed on EDGAR at www.sec.govThe Company’s filings with the U.S. Securities and Exchange Commission can be viewed on EDGAR at www.sec.gov